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WHAT WE’RE TRACKING TONIGHT

Egypt, France sign strategic partnership agreement

Good afternoon, all. While the international pages remain hyperfixated on the fallout from the Trump tariffs, the big story at home is more optimistic — French President Emmanuel Macron is on day two of his official visit to Egypt, giving us reason to believe that we could be seeing big-ticket French investments coming our way.

THE BIG STORY TODAY-

Egypt and France raised their relations to a strategic partnership, according to an Ittihadiya statement. This follows a meeting between President Abdel Fattah El Sisi and French President Emmanuel Macron, during which they also oversaw the inking of a number of MoUs, the statement read without providing further details.

Before their meeting, the leaders attended the Egypt-France Business Forum, which should be winding down as we hit send. The forum brought together a number of officials and private players from both countries — including GAFI’s Hossam Heiba, SCZone’s Walid Gamal El Din, and Business France’s Didier Boulogne. The forum saw the two sides discuss cooperation in green hydrogen, renewables, healthcare, and AI.

And to wrap up the day: The two leaders, alongside Jordan’s King Abdullah, will hold a Gaza-focused summit.


AND- The EGP keeps on slipping against the greenback: The EGP continued to weaken against the USD today, slipping to fresh lows of 51.58-51.72 as foreign investors continue to exit the local debt market, though at a slower pace than yesterday. Banking sources EnterpriseAM spoke to believe there is no reason to worry and that the current level of outflows is normal and hot money will start flowing into Egypt once again after this wave of uncertainty comes to an end.

THE BIG STORY ABROAD-

All eyes remain fixed on Trump’s tariffs as they continue to rattle global markets: Markets across the Asia-Pacific opened today with sharp declines, extending losses triggered by the Trump administration's new tariffs on nearly all US trading partners. Japan’s Nikkei 225 fell almost 8%, reaching its lowest level since October 2023, and Australia’s ASX200 dropped over 6%. Hong Kong’s Hang Seng saw a 13% decline, registering its biggest one-day drop since 1997, while China’s CSI 300 lost 7%, stabilizing only after reports that a Chinese sovereign fund stepped in.

Europe also also saw steep sell-offs: Germany’s DAX plunged 10% before paring losses, while the Stoxx 600 fell more than 5%, with Bloomberg estimating that the tariffs could put around 1% of Europe’s gross domestic product at risk.

The turmoil is boosting bets that the Fed will step up its rate cuts this year: Traders see the US Federal Reserve introducing an extra quarter-point rate cut this year and cutting interest rates as soon as next month as the risk of recession rises. This comes in spite of a statement from chair Jerome Powell on Friday indicating that the Fed is in no hurry to react to the tariffs by cutting rates.

** CATCH UP QUICK on the top stories from today’s EnterpriseAM:

  • The EGP dropped to its lowest level since 2024 float after tariffs sparked foreign investor exit. The drop came amid global uncertainty after US President Donald Trump’s tariffs came into effect over the weekend, which sent shockwaves across global markets.
  • The EGX30 dropped 3.3% at yesterday’s close as global equity markets react to the Trump White House’s bid to reshape the post-Second World War economic order.
  • The Finance Ministry will begin issuing retail bonds through Egypt Post at what it describes as attractive interest rates. The move is designed to help middle-income Egyptians hedge against inflation and forms part of the government’s broader strategy to reduce the cost of debt.

☀️ TOMORROW’S WEATHER- Brace for scorching temperatures tomorrow in the capital, where the mercury is set to rise to 37°C, punctuated by hot gusts of wind. The weather will cool to 18°C by nightfall, according to our favorite weather app.

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FOR YOUR COMMUTE

How kids lost online spaces

In the late 90s and early aughties, the internet was rife with online communities and websites designed with children in mind. Club Penguin, Miniclip, and Runescape (and other websites that were more popular abroad than they were here in Egypt) created virtual worlds where mns of young internet users waddled, played, and socialized in carefully moderated environments. Those days seem increasingly distant as today’s internet landscape offers fewer and fewer dedicated spaces for kids to safely engage, create, and connect in environments with guardrails that allow for social interaction without exposing children to inappropriate or predatory behavior.

(Tap or click the headline above to read this story with all of the links to external sources.)

From passion projects to profit centers: Many of the most beloved children’s online spaces began as grassroots passion projects or educational ventures. While most eventually adopted monetization strategies — typically through optional memberships or virtual currency — their primary focus remained creating engaging, safe environments for children.

When major brands and companies like Disney, Cartoon Network, and Mattel first created their own virtual playgrounds, their websites were filled with unpaid games and activities based on their popular characters/universes. Even non-entertainment companies targeting kids developed interactive online presences. Cereal brands, fast-food chains, and toy manufacturers extended their brand relationships beyond traditional media. These weren’t just promotional afterthoughts — they were fully realized digital experiences.

How did children’s online spaces transform from cash cows to financial sinkholes? All signs point to the fundamental restructuring of the internet economy and how companies monetize children’s attention. In the era of dedicated websites, a child might spend hours on a single platform with unified content, where parents could be persuaded to purchase a membership or in-game currency. During that time, the number of advertisements or brand collaborations the child would encounter was extremely limited and within a controlled environment.

Now, the internet is a shopping mall. Anyone scrolling through TikTok or YouTube for the same amount of time will encounter a slew of ads, influencer promotions, and product placements. Studies have revealed that, on average, individuals will see 10k ads a day. During the shuttering of one of their popular websites in 2014, then-CEO of Sony said “No more kids games. Kids don’t spend well.” So instead of building and moderating an entire online playground, companies choose to pay popular creators to showcase their products to mns of followers.

What we’ve lost: The consequence of the for-profit internet is that truly child-focused spaces — designed around play, creativity, and age-appropriate social interaction rather than consumption — have become increasingly rare. Children can no longer practice digital social skills in environments designed for their safety and developmental needs or express themselves within structured systems. Digital literacy is no longer a prevalent skill, because children aren’t navigating spaces that help them develop a fundamental understanding of online interactions and digital citizenship.

Bans aren’t the solution. Rather than restricting children' s access to the internet — an approach increasingly pursued by legislatorsworldwide — a more productive approach might involve reimagining dedicated online spaces for today’s young users. As suggested by the Australian eSafety Commissioner’s safety-by-design principles, the most effective protection comes not from banning children from the internet, but from creating environments that thoughtfully address their needs. What do we do in the meantime? We’ve rounded up some practical tools to help you foster a healthy relationship between kids and tech.

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Ears to the Ground

The W stands for Wisdom

? Egyptian entrepreneur, businesswoman, and Shark Tank judge Dina Ghabbour has the mic. On The W podcast, Ghabbour continues her legacy of supporting budding and established entrepreneurs by giving them a platform to speak and discuss their ventures.

(Tap or click the headline above to read this story with all of the links to external sources.)

What you see isn’t always what you get, in the best way: Just because the guest is a pioneer in a certain field, don’t expect that conversations to solely center around their job. Ghabbour discusses everything, from finding passion with jewelers Azza Fahmy and Dina Maghawry, grief and loss with film director Mariam Abou Ouf, and self-branding with Mohamed Ramadan.

Unpacking unspoken issues: By tapping into the raw core of subjects with her guests — especially those in the public eye — Ghabbour uses her platform to amplify the voice of women in business, discussing cultural issues that may impede the success of women entrepreneurs both inside and outside the boardroom.

Harvesting her own success: Ghabbour uses her own expertise to share knowledge with listeners, both laymen and professionals, offering insights and advice that are the culmination of years of experience. The W itself was born out of her investment into The Potcast Productions (not a typo) during the second season of Shark Tank. Alongside her own show, she also produces other podcasts behind the scenes.

WHERE TO LISTEN- You can listen to the podcast on Apple Podcasts, Anghami, or watch it on YouTube.

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Sports

Calm pitches ahead of the Champions League

⚽ The pitches are seeing little action today as the European league rounds conclude, with tomorrow bringing exciting Champions League matches in Europe and Africa.

In Old Blighty: Leicester City will be going head to head against Newcastle in the final match of Round 31 of the Premier League tonight at 9pm.

En España: CD Leganés is meeting Osasuna on the pitch at 9pm to end Round 30 of La Liga.

Buonasera, Italia: Napoli will be hosting Bologna at the Diego Armando Maradona Stadium tonight at 8:45pm to conclude Round 31 of Serie A.

This publication is proudly sponsored by

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OUT AND ABOUT

End the day with multidisciplinary art and reflection

MARK YOUR CALENDAR-

Today is the second day of multidisciplinary artist Hossam Abou Elela’s new More ThanJust A Word exhibition at Nout Gallery in Zamalek. The exhibit will be open daily to the public until Wednesday, 30 April, from 12pm to 7pm. Entrance to the gallery is unpaid.

(Tap or click the headline above to read this story with all of the links to external sources.)

HAPPENING THIS WEEK-

Marwan Pablo takes the stage this week. The scene-setting rapper will be in concert at the American University in Cairo’s Tahrir Campus for the first time to perform El Moftah, a setlist that follows his journey in life and music. The concert will be held on Thursday, April 10 at 8pm. Tickets are available on TicketsMarche.

Don’t miss the second edition of the AUC Tahrir CultureFest this weekend: Set to take place from April 10 to April 12 in the Tahrir Square campus, this year’s edition of the festival celebrates Cairo as a global city, and all the cultures from the different parts of the world it brings together, along with food, exhibitions, a book fair, panel talks, and a bazaar. You can request an invitation on the AUC website.

HAPPENING LATER-

Tamer Ashour on the ZED stage. Get ready to see Tamer Ashour on the bigstage at ZED Park in Sheikh Zayed City on Friday, 25 April starting at 8pm. Tickets are available on Tazkarti.

Omar Khairat’s Grand Show is taking place on Friday, 9 May. Dress up in your finest formal wear and head to the Qubba Palace to experience the iconic composer’s unforgettable talent. Tickets are available on TicketsMarche.

The king of latin pop lands in Egypt. Grammy-winning global superstar Enrique Eglesias will be performing at Rixos Radamis, Sharm El Sheikh on Saturday, 3 May. Tickets to the concert are exclusive to guests at Rixos Radamis and Rixos Premium Seagate hotels and resorts.

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GO WITH THE FLOW

What the markets are doing on 7 April 2025

The EGX30 fell 0.6% at today’s close on turnover of EGP 3.7 bn (6.4% above the 90-day average). Regional investors were the sole net sellers. The index is up 2.4% YTD.

In the green: Alexandria Containers and Cargo Handling (+4.5%), Rameda (+3.6%), and Ibnsina Pharma (+2.3%).

In the red: Juhayna (-3.8%), TMG Holding (-3.2%) and Fawry (-2.9%).


APRIL

6-30 April (Sunday-Wednesday): More Than Just A Word art exhibit at Nout Gallery in Zamalek.

10 April (Thursday): Marwan Pablo concert at AUC.

10-12 April (Thursday-Saturday): AUC Tahrir Culture Fest.

12 April (Saturday): She Can event at Creativa Innovation Hub, Giza.

25 April (Friday): Tamer Ashour concert at ZED Park, Sheikh Zayed.

MAY

3 May (Saturday): Enrique Eglesias at the Rixos Radamis in Sharm El Sheikh.

9 April (Friday): The Grand Show: Omar Khairat at Qubba Palace.

21-31 May (Wednesday-Saturday): Disney On Ice at Cairo International Stadium.

30 May (Friday): Adam Port at the New Administrative Capital’s Green River.

OCTOBER

16-24 October (Thursday-Friday): Gouna Film Festival.

30 October - 22 November (Thursday-Saturday): Forever is Now at the Great Pyramids of Giza.

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